On October 24, influenced by the tense situation in the Middle East and market concerns over potential disruptions in crude oil supply, international oil prices saw a significant increase on the 23rd. Brent crude oil futures reached a nearly six-month high. By the end of the trading day, the price of light crude oil futures for December delivery on the New York Mercantile Exchange was $103.27 per barrel, marking a 3.82% increase; the December delivery price for London Brent crude oil futures was $116.72 per barrel, up 3.14%. The rise in energy prices on the 23rd sparked inflation concerns, reinforcing expectations for interest rate hikes by the Federal Reserve, coupled with a strengthening dollar, which put pressure on international gold and silver prices, leading to declines. By the end of the trading day, the price of gold futures for December delivery on the New York Mercantile Exchange was $4007.90 per ounce, down 1.29%; the price of silver futures for December delivery was $53.949 per ounce, down 1.92%. (CCTV Finance)
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Surge in Oil Prices, Drop in Gold and Silver Prices
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Galaxy: Bitcoin Bear Market Ended in June, Time to Buy and Hold
On October 26, Galaxy Research stated in a report submitted to The Block that the Bitcoin bear market ended in June, and it is currently a time to buy and hold. The report was authored by the company's head of research, Alex Thorn. The analysis is based on three points: Bitcoin has closed above the 50-week moving average for five consecutive weeks as of October 18, after previously operating below that line for 44 weeks; the monthly average movement of Bitcoin in wallets that have not moved for over five years has decreased from 67,000 in 2024 to 47,000 in 2025 and 34,000 in 2026, with approximately 1.11 million BTC from this age group moving since October 2024, mostly absorbed by ETFs and publicly traded companies; and the U.S. federal debt has reached $40.44 trillion. Thorn stated, 'The bottom is in, selling pressure has weakened, the logic for hedging against depreciation has strengthened, and the crowd has left.' In terms of price, Bitcoin traded above $80,000 on Monday, down 0.2% in 24 hours, approximately 36% lower than the record of about $126,000 in October 2025. The report also cautioned that if the weekly close falls below the 50-week moving average of $76,540 and does not recover within a month, this bullish outlook will be challenged. -
WTI Crude Oil Futures Decline Expands to 2.3%
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Spot Silver Falls Below $53
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On October 26, U.S. stocks opened with the Dow Jones up 0.2%, the S&P 500 up 0.25%, and the Nasdaq up 0.28%. Storage stocks saw gains, with SK Hynix rising 1.9%, Micron Technology up 1.2%, and SanDisk up 0.6%. Optical communication stocks opened broadly higher, with Lumentum up 0.94%, Corning up 0.25%, Coherent up 0.43%, Applied Optoelectronics down 0.43%, Ciena up 0.29%, Broadcom up 1.09%, and Mellanox Technologies down 0.43%. Tesla rose 3.3% after Barclays upgraded its rating from hold to overweight. Meta Platforms fell 0.77% as the company plans to raise up to $95 billion through stock issuance to support AI growth. -
Anthropic Reports $80.7 Billion Net Loss in First Half, Future Profitability Uncertain
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Egyptian Parliament Approves Troop Deployment to Saudi Arabia
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Bloomberg: Trump Family-Linked Crypto Firms Strengthen Legal Defense Ahead of Potential Investigations
On October 26, Bloomberg reported that cryptocurrency, venture capital, and prediction market firms associated with Donald Trump and his family are ramping up efforts to hire lawyers and lobbyists in preparation for possible congressional investigations. The report states that Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether these firms received government contracts, policy advantages, and if there are any conflicts of interest. Analysts believe that even if Democrats gain a majority in Congress during the midterm elections, the investigations may face obstacles, including challenges in compelling foreign individuals to provide testimony or documents, and uncertainty regarding whether federal agencies like the Department of Justice will take further action. The related firms and the Trump family maintain that their business activities are in compliance with legal regulations. -
Musk: ASI Will Not Dominate Humanity, Future Money and Work Will Lose Meaning
On October 26, according to Xinzhiyuan, Musk stated during a discussion hosted by Walter Isaacson, author of the biography of Steve Jobs, that in the face of ASI (Artificial Superintelligence) that is thousands of times more intelligent than humans, humanity is like chimpanzees. AI is unlikely to want to dominate humans; the real risk is being 'systematically ignored.' He advocates for endowing AI with extreme curiosity and a pursuit of truth, avoiding contradictory constraints, and cited HAL 9000 as an example. He mentioned that digital superintelligence would only increase global output by 20% to 30%, approximately $30 trillion annually; if embodied intelligence becomes widespread and is combined with space resources, the economic scale could expand by a million times, with labor devolving into a hobby similar to gardening, rendering money meaningless, and wealth measured in power (watts) and mass (tons). He predicts that AI will surpass any individual by 2026 to 2027 and collective human intelligence by 2030 to 2031, with at least 100 million humanoid robots in five years and over one billion in ten years. -
Meta Plans to Issue $22.5 Billion in Class A Common Stock
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